 |
| Brazil Português: Brasil Русский: Бразилия (Photo credit: Wikipedia) |
April 04, 2012 09:23 AM Eastern Daylight Time
Leading global acquirer deploys NewNet’s Total Control 1000 Dial Transaction Gateway
2012 ETA Annual Meeting & Expo
SHELTON, Conn.--()--Elavon, a leading global merchant acquirer, has selected NewNet‘s proven, market leading transaction processing solution for its operation in the fast growing Brazilian payments market. Recognized as one of the top ten payment acquirers in the world, Elavon announced today that it has deployed NewNet’s TraxcomSecure® Total Control 1000 (TC1000) Dial Transaction Gateway platform as the centerpiece of its state-of-the-art payments processing network in Brazil.
“We have great confidence that the efficiency, security, and performance of NewNet’s market leading payment processing systems will enable us to deliver innovative and superior m-commerce and e-commerce payments services in Brazil.”
NewNet’s TC1000 system will be deployed in multiple locations to meet the capacity and performance requirements of Elavon’s network in Brazil. This high-speed transaction network has the capability to handle several million transactions per year and will enable Elavon to deliver innovative payment solutions for secure point-of-sale devices. Brazil is experiencing robust growth in consumption and credit volume. NewNet payment systems will help Elavon to compete in this fast growing market that demands scale, experience, service quality and innovation.
“We are glad to be building our operations in Brazil together with NewNet payment platforms,” said Sergio Pironato, I.T. Director at Elavon, Brazil. “We have great confidence that the efficiency, security, and performance of NewNet’s market leading payment processing systems will enable us to deliver innovative and superior m-commerce and e-commerce payments services in Brazil.”
NewNet’s payment processing product portfolio includes dial, broadband and mobile payment solutions on the TC1000 and AccessGuard platforms. These solutions enable mobile and wireline carriers, payment processors and acquirers, and financial application providers to expand traditional payment transaction services into the mobile and broadband universe. Carriers can deliver new and innovative payments services on mobile phones, Bluetooth-enabled devices, NFC equipped mobiles, tablets, and other mobile devices with card readers.
“Elavon is a highly successful world leader in the transaction processing arena, and NewNet has a strong history of network support with Elavon in North America and Europe. We are delighted that they have selected us as they expand into Brazil, one of the fastest growing payment processing markets. This market is also a key focus and investment opportunity for NewNet,” said P.J. Louis, NewNet Interim CEO. “The highly secure high density TC1000 solution inter-operates with Point of Sale devices from any manufacturer. NewNet provides a proven platform, with coveted economies of scale, and the highest standards of availability, reliability, security and performance. Our payment transaction customers require this kind of innovative performance and value the expansion capabilities of NewNet’s platform.”
The NewNet Total Control 1000 Trax 2.5 system offers the market-leading solution for dial-based carrier class transaction network services to service providers, merchant acquirers and payment processors. This dial transaction gateway provides specialized software to enable faster transaction processing of credit card and debit card authorizations, fund transfers, and health and other electronic benefits transfers. The high-density TC1000 platform speeds transaction times with features such as Fast Connect, and supports transaction protocols such as VISA I/II, ISO 8583, TPDU and several custom protocols.
The NewNet AccessGuard platform provides the required end-to-end security features for mobile and broadband payment transaction processing, including SSL acceleration and offloading, digital certificates, and state-of-the-art DUKPT powered encryption and decryption. Secure connectivity to host processor systems is provided using IPsec. The AccessGuard portfolio of products supports a broad variety of industry standards and vendor-proprietary payment protocols, including Visa I/II, ISO 8583 and TPDU, enabling interoperability between client protocols and host processor protocols. Innovative applications and carrier services such as mobile wallet, Smart Cash and mobile money transfers can be delivered using the AccessGuard platforms.
NewNet will be showcasing and demonstrating its mobile payment solutions portfolio at the upcoming ETA (Electronic Transaction Association) Trade Show, to be held in Las Vegas April 17-19, booth 1200.
